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Gracie Foundation Inc

  • Naples, FL
  • Tax-exempt since July 2014
  • EIN: 46-3824364

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Operating Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$354k (2024)

Expenses
$290k (2024)

Total Assets
$394k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2015 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$354,284
Expenses
$289,992
Net Income
$64,292
Net Assets
$393,951
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $353,697
99.8%
Interest Revenue $49
0.0%
Dividends $538
0.2%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $246,167
84.9%
Compensation of Officers* $82,500
28.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $393,951
Total Liabilities $0
Net Assets $393,951
Compensation
Key Employees and Officers Compensation Other
Lori Krum (President/Treasurer) $82,500 $0
Sydney Sommer (Event Coordinator) $0 $0
Barbara Mccarthy (Event Coordinator) $0 $0
Robert Germain Jr (Vice President) $0 $0
Kaila Krum (Secretary) $0 $0
Mark Krum (Event Coordinator) $0 $0
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Document Links

990-PF
Filed on March 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,066
Expenses
$304,405
Net Income
-$290,339
Net Assets
$329,659
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,747
33.7%
Interest Revenue $315
2.2%
Dividends $9,004
64.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $258,240
84.8%
Compensation of Officers* $82,500
27.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $329,659
Total Liabilities $0
Net Assets $329,659
Compensation
Key Employees and Officers Compensation Other
Sydney Sommer (Event Coordinator) $0 $0
Barbara Mccarthy (Event Coordinator) $0 $0
Robert Germain Jr (Vice President) $0 $0
Kaila Krum (Secretary) $0 $0
Mark Krum (Event Coordinator) $0 $0
Lori Krum (President/Treasurer) $0 $0
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Document Links

990-PF
Filed on April 4, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$823,952
Expenses
$335,710
Net Income
$488,242
Net Assets
$619,998
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $823,505
99.9%
Interest Revenue $447
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $292,612
87.2%
Compensation of Officers* $75,000
22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $619,998
Total Liabilities $0
Net Assets $619,998
Compensation
Key Employees and Officers Compensation Other
Lori Krum (President/Treasurer) $75,000 $0
Sydney Sommer (Event Coordinator) $0 $0
Barbara Mccarthy (Event Coordinator) $0 $0
Robert Germain Jr (Vice President) $0 $0
Kaila Krum (Secretary) $0 $0
Mark Krum (Event Coordinator) $0 $0
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Document Links

990-PF
Filed on May 2, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,474
Expenses
$284,268
Net Income
-$232,794
Net Assets
$131,756
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,500
18.5%
Interest Revenue $5
0.0%
Dividends $1,902
3.7%
Sales of Assets $40,067
77.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $242,065
85.2%
Compensation of Officers* $75,000
26.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $131,756
Total Liabilities $0
Net Assets $131,756
Compensation
Key Employees and Officers Compensation Other
Lori Krum (President/Treasurer) $75,000 $0
Sydney Sommer (Event Coordinator) $0 $0
Barbara Mccarthy (Event Coordinator) $0 $0
Robert Germain Jr (Vice President) $0 $0
Kaila Krum (Secretary) $0 $0
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Document Links

990-PF
Filed on May 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,140
Expenses
$230,501
Net Income
-$196,361
Net Assets
$364,549
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,305
18.5%
Interest Revenue $0
Dividends $7,676
22.5%
Sales of Assets $20,159
59.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $196,983
85.5%
Compensation of Officers* $75,000
32.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $364,550
Total Liabilities $1
Net Assets $364,549
Compensation
Key Employees and Officers Compensation Other
Lori Krum (President/Treasurer) $75,000 $0
Sydney Sommer (Event Coordinator) $0 $0
Barbara Mccarthy (Event Coordinator) $0 $0
Robert Germain Jr (Vice President) $0 $0
Kaila Krum (Secretary) $0 $0
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Document Links

990-PF
Filed on May 17, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,046
Expenses
$216,263
Net Income
-$183,217
Net Assets
$560,910
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,342
46.4%
Interest Revenue $0
Dividends $11,315
34.2%
Sales of Assets $6,389
19.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $184,101
85.1%
Compensation of Officers* $75,000
34.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $560,911
Total Liabilities $1
Net Assets $560,910
Compensation
Key Employees and Officers Compensation Other
Lori Krum (President/Treasurer) $75,000 $0
Sydney Sommer (Event Coordinator) $0 $0
Barbara Mccarthy (Event Coordinator) $0 $0
Robert Germain Jr (Vice President) $0 $0
Kaila Krum (Secretary) $0 $0
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Document Links

990-PF
Filed on July 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$73,324
Expenses
$212,245
Net Income
-$138,921
Net Assets
$720,634
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,995
25.9%
Program Services $0
Investment Income $14,505
19.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,824
54.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $75,000
35.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $720,634
Total Liabilities $0
Net Assets $720,634
Compensation
Key Employees and Officers Compensation Related Other
Lori Krum (President/Treasurer) $75,000 $0 $0
Sydney Sommer (Event Coordinator) $0 $0 $0
Barbara Mccarthy (Event Coordinator) $0 $0 $0
Mark Krum (Board Member) $0 $0 $0
Robert Germain Jr (Vice President) $0 $0 $0
Kaila Krum (Secretary) $0 $0 $0
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Document Links

990
Filed on May 10, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$146,544
Expenses
$269,694
Net Income
-$123,150
Net Assets
$932,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,878
68.8%
Program Services $0
Investment Income $17,585
12.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,081
19.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $75,000
27.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $932,565
Total Liabilities $0
Net Assets $932,565
Compensation
Key Employees and Officers Compensation Related Other
Lori Krum (President/Tr) $75,000 $0 $0
Sydney Sommer (Event Coordi) $0 $0 $0
Barbara Mccarthy (Event Coordi) $0 $0 $0
Mark Krum (Board Member) $0 $0 $0
Robert Germain Jr (Vice Preside) $0 $0 $0
Kaila Krum (Secretary) $0 $0 $0
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Document Links

990
Filed on Aug. 27, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,072,222
Expenses
$104,234
Net Income
$967,988
Net Assets
$1,012,925
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,075,286
> 100%
Program Services $0
Investment Income $237
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,301
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $75,000
72.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,012,925
Total Liabilities $0
Net Assets $1,012,925
Compensation
Key Employees and Officers Compensation Related Other
Lori Krum (President/Tr) $75,000 $0 $0
Sydney Sommer (Event Coordi) $0 $0 $0
Barbara Mccarthy (Event Coordi) $0 $0 $0
Mark Krum (Board Member) $0 $0 $0
Robert Mccarthy (Board Member) $0 $0 $0
Robert Germain Jr (Vice Preside) $0 $0 $0
Kaila Krum (Secretary) $0 $0 $0
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Document Links

990
Filed on June 20, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$118,097
Expenses
$96,083
Net Income
$22,014
Net Assets
$44,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $118,097
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $56,250
58.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $44,937
Total Liabilities $0
Net Assets $44,937
Compensation
Key Employees and Officers Compensation Related Other
Lori Krum (President/Tr) $56,250 $0 $0
Sydney Sommer (Event Coordi) $0 $0 $0
Barbara Mccarthy (Event Coordi) $0 $0 $0
Mark Krum (Board Member) $0 $0 $0
Robert Mccarthy (Board Member) $0 $0 $0
Robert Germain Jr (Vice Preside) $0 $0 $0
Kaila Krum (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on July 12, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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